Open-Ended Undertakings for Collective Investment (UCI) Laws 2012–2019

According to Chapter 4, Section 1, which of the following is NOT a defining characteristic of a UCITS fund?

What is the legal form of a Variable Capital Investment Company (VCIC)?

What is the minimum initial paid up capital requirement for a management company to receive an operation licence?

A UCITS fund generally may not invest more than what percentage of its assets in transferable securities or money market instruments issued by the same body?

What is the primary characteristic that distinguishes a 'feeder UCITS' from other UCITS?

Which of the following functions of a depositary CANNOT be delegated to a third party?

If the value of a management company's portfolio exceeds EUR 250,000,000, by how much must its capital be increased?

What is the maximum percentage of its Net Asset Value (NAV) that an internally managed VCIC may borrow for acquiring immovable property essential to its business, if it has no other borrowings?

Within how many months of the financial year-end must a UCITS submit its audited annual report?

If a UCITS established in the Republic wishes to market its units in another EU member state, how long does CySEC have to transmit the complete notification file to the competent authorities of the host member state?

A depositary intending to resign from its duties for a UCITS must provide written notice at least how long before the resignation?

Under the UCI Laws, what happens to the liability of a depositary if it delegates the function of safekeeping of assets to a third party?

A UCITS may invest in units of other collective investment undertakings, provided that, among other conditions, no more than what percentage of its assets are invested in aggregate in units of other UCITS or other collective investment undertakings?

What is the valuation method for transferable securities listed on a regulated market held by a UCITS, when there is a time difference for assets outside the EU preventing same-day pricing?

According to the UCI laws, what must be included in all marketing communications for a UCITS?

What is the maximum amount of its own funds that a management company may borrow for the acquisition of immovable property mandatory to its business?

Who is responsible for the losses suffered by investors as a result of false or misleading information in a UCITS prospectus?

In a master-feeder structure, what is the maximum percentage of its assets that a feeder UCITS is allowed to invest before the agreement with the master UCITS is effective?

Which of the following is NOT a condition a management company must meet to be granted an operation licence?

If a management company delegates portfolio management activity to a third party, which of the following entities is explicitly prohibited from being the delegate?

For how long must a UCITS prospectus be available to the public in electronic form after its publication?

What is a key difference between a common fund and a VCIC?

A management company's own funds may never be less than what?

Under what circumstance may a UCITS fund invest more than 10 percent but up to 35 percent of its assets in securities from a single issuer?

What is the deadline for a UCITS to publish its quarterly summarized statement of assets and expenses?

What is a 'master UCITS'?

If a UCITS invests in another UCITS managed by the same management company, what fee is it exempt from paying?

When a management company wants to establish a branch in another EU member state, which of the following is NOT required in the notification to CySEC?

CySEC must revoke the operating licence of a management company if it has ceased the activity for which the licence was granted for more than how many months?

What is the maximum percentage of its assets that a UCITS can invest in deposits made with the same institution?

What is the maximum amount of non-voting shares of a single issuing body that a UCITS may obtain?

When a management company is a subsidiary of another authorised entity in a different member state, what must CySEC do before granting an operation licence?

Which of the following undertakings are NOT regarded as UCITS for the implementation of the UCI Laws?

What is the maximum percentage of its Net Asset Value (NAV) that an internally managed VCIC may borrow in total if it borrows for both temporary purposes and to acquire immovable property?

In addition to managing one or more UCITS, which of the following is NOT a permitted ancillary activity for a management company, according to the text?

A UCITS must provide a guarantee on the amount invested from a credit institution. This credit institution can be from another member state if what condition is met?

When is a management company that provides portfolio management services obliged to be a member of the investor compensation fund?

Who is responsible for appointing a new management company if CySEC revokes the licence of a VCIC that needs one?

A UCITS authorised in another member state may use the same reference to its legal form, such as 'investment company' or 'common fund', in the Republic under what condition?

Under the code of conduct for management companies, which of the following is an explicit duty?

What is the consequence if CySEC rejects a management company's request to establish a branch in another EU member state?

When a UCITS invests in another UCITS, it must disclose the maximum level of management fees that may be charged to both itself and the underlying UCITS. Where must this disclosure be made?

If a UCITS holds money market instruments not dealt on a regulated market, what condition must these instruments meet to be eligible for investment?

Which of the following is NOT a duty of a depositary?

The NAV, number of units, and unit NAV for tradable UCITS units must be calculated on what basis?

A UCITS can hold units of a single other UCITS or collective investment undertaking up to what percentage of its assets?

In a master-feeder UCITS relationship, what must the two UCITS co-ordinate to prevent arbitrage?

Who can request the replacement of a management company if it is not acting in the best interest of the UCITS?

When a management company provides services in another member state without a branch, whose rules of conduct does it follow?

Up to what percentage of the additional capital required for a large portfolio can be provided in the form of a guarantee from a credit institution?